AI
Wednesday, April 04, 2007 2:24:55 PM
TRINQ - TRIN - VIX - VXN
TRINQ is very low which is often a contrarian indicator for VST.
It is understandable because we are in holiday trading, but need to be cautious for VST. TRIN chart is messed up because of one extreme reading when market sold off on 2/27/07 as many traders were anticipating a sell-off. VIX/VXN is heading lower.
We have light volume day. MSFT is up 2.5% based on upgrade is messing up true market performance; therefore, need to be careful for VST. I don't trust MSFT pump action today.
Based on "BEST BUY" News
TXN 30.61 0.54 1.80%
KLAC 55.01 0.79 1.46%
MRVL(E) 16.82 0.24 1.45%
TER 16.99 0.23 1.37%
NSM 24.37 0.32 1.33%
AMAT 18.58 0.23 1.25%
LLTC 31.95 0.37 1.17%
MXIM(E) 29.45 0.29 0.99%
INTC 19.37 0.06 0.31%
NVLS 32.70 0.08 0.25%
BRCM 32.80 -0.10 -0.30%
XLNX 25.79 -0.13 -0.50%
ALTR 20.08 -0.12 -0.59%
Market Internals
Issues NYSE Nasdaq
Advancing 1,602 1,323
Declining 1,586 1,622
Unchanged 166 132
Total 3,354 3,077
Ratio
Advancers to Decliners 1.01 0.82
TRINQ is very low which is often a contrarian indicator for VST.
It is understandable because we are in holiday trading, but need to be cautious for VST. TRIN chart is messed up because of one extreme reading when market sold off on 2/27/07 as many traders were anticipating a sell-off. VIX/VXN is heading lower.
We have light volume day. MSFT is up 2.5% based on upgrade is messing up true market performance; therefore, need to be careful for VST. I don't trust MSFT pump action today.
Based on "BEST BUY" News
TXN 30.61 0.54 1.80%
KLAC 55.01 0.79 1.46%
MRVL(E) 16.82 0.24 1.45%
TER 16.99 0.23 1.37%
NSM 24.37 0.32 1.33%
AMAT 18.58 0.23 1.25%
LLTC 31.95 0.37 1.17%
MXIM(E) 29.45 0.29 0.99%
INTC 19.37 0.06 0.31%
NVLS 32.70 0.08 0.25%
BRCM 32.80 -0.10 -0.30%
XLNX 25.79 -0.13 -0.50%
ALTR 20.08 -0.12 -0.59%
Market Internals
Issues NYSE Nasdaq
Advancing 1,602 1,323
Declining 1,586 1,622
Unchanged 166 132
Total 3,354 3,077
Ratio
Advancers to Decliners 1.01 0.82
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